plutonscores cockatoo, page-55

Proposed Cockatoo Island Transaction ‐ Clarification
1 September, 2011

Due to the number of requests for clarification from shareholders today regarding the compensation payable for the proposed Cockatoo Island transaction, the Company advises that:
In exchange for the mining tenements and certain infrastructure on Cockatoo Island, the Company will be responsible for the full environmental rehabilitation of Cockatoo Island.
The cost of the environmental rehabilitation of Cockatoo will be estimated during the due diligence stage that is expected to be completed by 31st October, 2011 and be advised after that date.